Real Estate: Juanita area homes staying on the market longer

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

kirkland market update                                                                                

                                            Real Estate:  Juanita area homes staying on the market longer  

 

This Week

The median list price this week for the Kirkland-Juanita area is $500,000 is down from last week’s $520,000.   The Market Action Index (MAI see below chart) has been trending down lately, while inventory is climbing and days-on-market are climbing.   The trends imply a weakening market. 

Supply and Demand

The Juanita real estate market has been cooling off a bit in recent weeks, as more homes are available and demand is less.  We’re already seeing prices move lower as a result.  Expect this trend to continue especially if the index falls to the Buyer’s zone.   Watch for a persistent up-turn in Market Action to signal prices rising again. 

  Price

Again this week in the Juanita area we see a downward notch for prices.  Pricing has been weak in recent weeks and versus their absolute -high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

This Juanita real estate update is brought to you you by Adrian Willanger of Coldwell Banker Danforth.  If you are considering selling your home I would be happy to assist you.  Give me a call for a free market evaluation of your home’s value. I can be reached at 206 909-7536 or by email at Adrian@adrianwillanger.com 

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

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Topic:
Real Estate Market Trends
Location:
Washington King County Juanita
Tags:
juanita real estate market
homes for sale in juanita
juanita housing forecast
market update

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Rainmaker
1,730,139
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Adrian ....You keep everyone up-to-date on market conditions in your area ....Very nice post as always!

Have a great night!

Sep 01, 2014 09:50 AM #1
Rainmaker
4,090,473
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Adrian,

I always enjoy reading your take on the real estate market in your area. I'm sure you have many local readers who depend on your knowledge to help them understand the real estatse market.

Sep 01, 2014 09:36 PM #2
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Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

HI Adrian, excellent market report and I like the Altos research graphs that you included.

Sep 02, 2014 02:05 AM #3
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Adrian, hope you had an enjoyable Labor Day weekend. Thanks for the latest report on another Seattle neighborhood - you've got the pulse of your marketplace and deserve the business of both buyers and sellers. 

Sep 02, 2014 02:13 AM #4
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